Billionaires dumping US stocks, should I?

[QC]

Re: Billionaires dumping US stocks, should I?

I am a little confused by your question, so if I answer a different question, well, sorry. . .

Yes, underground storage is huge, but that is for domestic use. The storage tanks I refer to are sometimes called peak shavers as they store liquid natural gas (LNG) for "peaks" in usage in winter. Common in colder climates. Same idea with the underground storage, as well as a simple place to hold it waiting on orders. The benefit being that storage on a pipeline and underground does not require -259 F liquifiers.

But the fact is that up until now we "import" LNG, and the facilities near ports are designed for in, not out. Out (export) requires different and much more expensive equipment. The existing stuff, which is becoming obsolete can not simply be reversed. Int his regard, natural gas, is a very different commodity. International pricing is somewhat meaningless for us. We've got newly available massive finds, and no simple way to export it yet. This has always been a problem with Natural Gas. You could have a huge find in your backyard, but if you couldn't get it to a pipeline it is worthless. Often referred to as a stranded well, and I submit that the US and Canada are one mega stranded well now

In case anyone is confused LNG is natural gas. Same as in the pipeline stuff only cooled to -259 F and then it can be trucked or shipped more easily. Not close to easy, but very common. There are cryogenic tankers running around all of our highways. Some Oxygen, Nitrogen and Methane (Natgas) and CO2 etc . . .

 

[bruceb58]

Re: Billionaires dumping US stocks, should I?

Yes, basically its the delivery issues to certain locations which would be the reason that natural gas is imported to east coast city ports vs piping from areas out west where it is plentiful.

 

[QC]

Re: Billionaires dumping US stocks, should I?

I'd say more accurately it's due to market forces as we did not have this huge glut and importing LNG actually used to make economic sense. There are also liquifiers that are used entirely for a storage solution, as in they sit on a pipeline and liquefy domestic gas. The difference was that we did import. Extremely stupid now as our domestic cost has been driven in some cases below $3 per million btu. That's basically $3 for 7 Gallons worth of diesel if we were just comparing energy content. The comparison is not valid as the diesel has been refined, and the gas is sitting there not transported, but a simple comparison.

 

[angus63]

Re: Billionaires dumping US stocks, should I?

I just attended a conference on LNG US MARKET and MARINE APPLICATION. After a two yr study, the biggest obstacle is the cost of developing an infrastructure to store and distribute product.The second biggest obstacle is public ignorance when it comes to "fracking" and "your not putting a bomb in my backyard". Finally, the third biggest obstacle is that oil companies are not eager to push the market in the US because LNG has a much lower "profitability" and higher liability, so the only lobby is for oil from the big boys.
Until a large company is willing to take the risk and first step in developing the market, or the gov't is willing to subsidize an effort, the market will remain minimal and stagnant.
The first sign will be plans for US LNG ships on the table.

Note: I was just a listener and was not a participant

 

[Bigprairie1]

Re: Billionaires dumping US stocks, should I?

In getting back to Bubba's original point....for myself I think the U.S is going to start to see a rebound in a lot of sectors.
I believe in this to the point of moving some of our investments back in mid 2012 over to the U.S markets.
As well, and in my quick and loose opinion, Europes rebound will continue to be delayed due to their seemingly endless cultural issues within the European free trade union (ie: Spain, Greece, Italy......good luck with that ).
I'm kind of surprised that Germany continues to stay interested in supporting this....but hey, I guess they still 'owe them one'.
Ok quick back to Oil and Gas: bring on the pipelines and the expansion here in North America...the sooner the better just put in a place a serious watch dog with teeth to monitor safety and standards with respect to the public and the environment.
Up here in B.C.....I want to see industry investment and pressure to put in some state of the art refinining technology....so we can bump that cost per barrel up (..waaaayyyyyy up) to our Southern and Asian trade buddies
All good
BP

 

[Yacht Dr.]

Re: Billionaires dumping US stocks, should I?

In getting back to Bubba's original point....for myself I think the U.S is going to start to see a rebound in a lot of sectors.
I believe in this to the point of moving some of our investments back in mid 2012 over to the U.S markets.
As well, and in my quick and loose opinion, Europes rebound will continue to be delayed due to their seemingly endless cultural issues within the European free trade union (ie: Spain, Greece, Italy......good luck with that ).
I'm kind of surprised that Germany continues to stay interested in supporting this....but hey, I guess they still 'owe them one'.
Ok quick back to Oil and Gas: bring on the pipelines and the expansion here in North America...the sooner the better just put in a place a serious watch dog with teeth to monitor safety and standards with respect to the public and the environment.
Up here in B.C.....I want to see industry investment and pressure to put in some state of the art refinining technology....so we can bump that cost per barrel up (..waaaayyyyyy up) to our Southern and Asian trade buddies
All good
BP

Personally I dont see the EU getting out of this fiasco that they started.

I also dont see how the US is going to get out of the Debt.

Should you get out of the US stocks ? .. I dunno .. I think that the dollar has stopped its value a long time ago. .. so Yes I would cash in right now IMHO ..

I think if you google/tube the current debt you would be aware of what is going on with the World Finances. .. they are aware.

YD.

 

[QC]

Re: Billionaires dumping US stocks, should I?

Finally, the third biggest obstacle is that oil companies are not eager to push the market in the US because LNG has a much lower "profitability" and higher liability, so the only lobby is for oil from the big boys.
Until a large company is willing to take the risk and first step in developing the market, or the gov't is willing to subsidize an effort, the market will remain minimal and stagnant.

This makes sense for the export case, but Shell for one, is definitely making a push into LNG for domestic truck use. Margins on vehicle nat gas (CNG & LNG) are very attractive compared to large industrial use and other bulk type uses (export).

 

[Bigprairie1]

Re: Billionaires dumping US stocks, should I?

Personally I dont see the EU getting out of this fiasco that they started.

I also dont see how the US is going to get out of the Debt.

Should you get out of the US stocks ? .. I dunno .. I think that the dollar has stopped its value a long time ago. .. so Yes I would cash in right now IMHO ..

I think if you google/tube the current debt you would be aware of what is going on with the World Finances. .. they are aware.

YD.

The debt of the U.S is a good point....and there is probably only one way to start turning it around and that is not a popular subject with Americans, although we all live every day with the same increasing challenge and adjustment in our personal lives and our often (declining?) quality of life costs.
That said, in terms of Global investment...money moves around to the best bet at that time. The U.S comparitively is a better risk/bet right now despite its national debt struggle.
I agree with you YD about the EU and in terms of investing there.....' I'm out '.
The U.S dollar is a always a popular subject along the Canada/U.S border....on both sides. We are so close now in dollar/exchange value you never know week to week who is up .002 cents on the other. A lot of border based U.S retailers who depend heavily on Canadian day shoppers usually keep 2 tills...one U.S and one Canadian, and the same holds true on this side of the border.
Economically or in terms of investment....everyone and their brother internationally is investing in or wants a piece of our Canadian natural resources, for good reason. We have just about every natural resource the next 20-30 years of international progress is going to need as a centrepiece from fresh water to oil, natural gas, coal, uranium, diamonds, timber, grain,...you name it.
Our biggest challenge is fighting with moving a massive geographic country forward with very few people to do so. We have such a skills shortage up here....it isn't funny any more. Companies often head to the U.S (and other countries) in order to try to hire skilled workers to move up north often with a lot of success.
Here in British Columbia we have something just over 80,000 U.S citizens registered and living here right now.
Keep the good feedback comin' guys!!
BP

 

[Tail_Gunner]

Our biggest challenge is fighting with moving a massive geographic country forward with very few people to do so. We have such a skills shortage up here....it isn't funny any more. Companies often head to the U.S (and other countries) in order to try to hire skilled workers to move up north often with a lot of success.
Here in British Columbia we have something just over 80,000 U.S citizens registered and living here right now.
Keep the good feedback comin' guys!!
BP

__________________________________________________________________________________________________

Again utter clarity BP what's driving your growth oil first last and everywhere in between. Again i will make a suggestion Oil is the last bastion of economic growth and that shall we say "segment" is about to be utilized. Watching this discussion i can see why or its apparent we face such staggent growth....How many of you have said or believed this cannot be done and i will ask how many have been in a meeting when someone finally stand's up and say's.

I no longer want to hear what cant be done...I want to hear what can be done...That is what i pay you to do.. You would be amazed what can be done after one of those..

Billionaires dumping US stocks, should I?

Why Is Warren Buffett Buying Back Berkshire Hathaway Stock? - DailyFinance

Earlier this month, famed billionaire and Berkshire Hathaway (BRK-A) (BRK-B) chairman Warren Buffett dropped a bombshell.

Breaking with past practice, and changing the financial rules he himself laid down, Berkshire is buying back its own stock -- and plans to keep buying back its stock at any price up to and including 1.2 times "book value."



Better question why would a man of Buffet's yrs come out of retirement and jump right in the middle of it.

I no longer want to hear what cant be done...I want to hear what can be done.

Perhaps the 300lb gorillia is back in the room.

 

[Bigprairie1]

Re: Billionaires dumping US stocks, should I?

Ok, I'll bite TG....and take a page from your point about wanting to hearing what can be done, so:
What are the top 3 to 5 major points of your plan in terms (again) of what can be done?:subdued:
Respectfully....I'm interested in hearing
All Good
BP

 

[Tail_Gunner]

Re: Billionaires dumping US stocks, should I?

Ok, I'll bite TG....and take a page from your point about wanting to hearing what can be done, so:
What are the top 3 to 5 major points of your plan in terms (again) of what can be done?:subdued:
Respectfully....I'm interested in hearing
All Good
BP

Ohh TG has no plan the scope and magnitude of the Burlington investment is mind numbing to me. You have to understand there is no need for large railroad in the plain state's ..there is no large mfg...no refinery's...no steel...and the coal train's are saying goodbye. And one of the sharpest guys in this country dumped billion's..why becasue he wants be a engineer and riding around the country easting cheeseburger's..I think not. Oil and there is more oil in lets call it the upper plain's states of north america than all the world combined.

Now i could be wrong he may just want to eat cheese burger's and travel the country...Big thing to be a cheif engineer on a train..and run his company from a laptop on the train..they do hire wireless do they not..:laugh:

I believe the whole thought process of this thread is motivation..what motivate's...below

The Potential of U.S. Oil Stocks With Bakken Assets: Another Step Toward Foreign Oil Dependence. 1st NRG Corp (PINKSHEETS: FNRC) - MarketWatch

draft study conducted by the late organic geochemist Leigh Price provides estimates ranging from 271 to 503 billion barrels (mean 413 billion) of potential resources in place. He believed that as much as 50% of it is recoverable, an important consideration since there are vast oil reserves in the world which are not calculated into any projections because their recovery is beyond the reach of technology and economics.

To give that some perspective, all recoverable oil in the U.S. is estimated at 21.4 billion barrels. In Saudi Arabia it's estimated at 264 billion barrels. Dr. Price's study was conducted while he was working for the U.S. Geological Survey (USGS

That blurb and a old one give's you a ideal of how much oil the bakken hold's..on the scale of the Saudi's.. then there's Greenriver and of course Canada. Major Point money motivation and awareness..

And then there's the question of Ketchup so little time soo many possibiltie's. Imagine if you will just how many workers would it take to support such a large oil feild...Then feeding then... burger's and fry's anyone and who doesnt want a little ketchup on there fry's?..Its endless...:lol:


:bump2: OPEC warns of risks to U.S. production growth - MarketWatch